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HM
Simply stating the business plan for the majority of holding companies. In my opinion, WMI would not have deviated from the norm. Confirmation would come from an accounting review which would include all hard assets. That information(THE BOOKS)as we know are tightly held by JPMC, so yes it is not available for review.
HM
The typical holding company hold all the real estate of the subs. Standard practice. We don't have access to the WMI books to verify the real estate holdings.
LG
All presumptions notwithstanding for many years now, let us hope that SOMEONE was correct correct with their prediction. God knows that 99.999% of the opinions did not come to fruition. Let us see if ANYTHING happens next week. Lol
Appreciate your comments over the years!
BBANBOB,
Yes, the holding company usually owns the brick and mortar. It is done this way to protect the holding company from any bk of any sub it owns from losing this important asset. WMI had a huge stash of assets (Land, buildings, etc. All should be coming back to markerholders (eventually).
Austin
We were always rising on their coattaills. Thank goodness!
Split T
We can hope so!! Lol
Biz
Your math is slightly off. Try 4B.
Ndt,
Btw, I was hoping for a reply from AZ.LOL
Nothing personal.
Ndt,
Really not any different than what I stated. His track record of doing anything is poor at best. In all probability he will not file the application by 10/31/19. WHY SHOULD HE??? He has no incentive to do so. Let's not get into semantics here.lol
AZ
Do you really think that BR will actually close the bk on 10/31/19? Really! His track record for honesty is poor at best. Come on!! Lol. The odds that 10/31/19 happening are very long. You know that! Lol We know your are not that naive. Just a poor ok ie cowboy. Right?
Gold
You have to think BIG BIG BIG here. WAMU largest SandL in the whole usa. WMI was a VERY LARGE HOLDING COMPANY in business for a LONG time and very profitable and very savvy.
100B in assets to be expected. Probably more. Live with it. Why else would the lowlife UWs be here?lol
Lodas,
IN some small way, I consider some of us to resemble "insiders" because of our intimate knowledge of COOP.
RD
Its a beautiful thing! Lol
RD,
ANYTHING happening on the 4 or 5 of October.
BBANBOB,
$7.8B for 65k mortgages.
Lodas,
Appreciate the input!!
Lodas
Please provide a primer on investing in the COOP options please.
Reiko The tell is coop.
Lodas,
How about an update on the options?
Thx!!
RD
SO WHY is the pps for COOP so ridiculously low!!!?????
RD
Are we going to get ALL of it!?
V
I doubt they would give any info that came close to the expected value.
LG
DM DM has given various values for the assets to be returned to escrows. 207B, 519B, etc.
Any thoughts on the LARGE differences?lol
Thanks
RD
The reporter could have at least told the truth regarding the true condition of WAMU and WMIH rather than depicting them as in trouble.
Boris
This will never go to court!!!lol It would create a $hit storm don't you know!!
Not
That is alot of trusts. And there are a lot of trusts!!
Lodas
Good evening!
Hey I've got some of that 4%. Lol
So do you!
Take care and please keep posting.
Bbanbob,
But where is the "value"?
AZ
There IS NO timeframe for distribution as far as anyone knows. I would surmise that the crew will milk this in perpetuity. Ie no distribution period. BR cannot be trusted to do anything.
AJMHO of course.
Ron,
IF IF IF there are ever any sistribution. Would you care to venture a guess WHEN?
Jb
Who is they?
LG
What is your guess for a pretty bk distribution timeframe to escrows?
STOXJOCK
Do we have another Fannie Mae type situation with the FDIC holding the assets and all the payments go to the FDIC?
Lodas
Along with others I am the "hardcore".
Lol
RD
Let's have them bring it on! Lol We are all waiting.
RD
Does the fact that the BK is not closed affect the 7/1 date?
RD
So why is the top non-binding servicer trading at a pittance of its value in real terms?
Floyd
The market knows!! They got bailed out short term and long term with all the WAMU branches and exposure made out like bandits long term.
LP
Been a lot of disappointments here.
Let's hope for the best!!
LP
MID JUNE IS RIGHT AROUND THE CORNER SIR!!